10-Q Filing

AMERICAN BATTERY MATERIALS, INC. CIK: 1487718 Q1 2022

Filing Information

Form Type	10-Q
Accession Number	`0001213900-22-027073`
Period End Date	20220331
Filing Date	20220516
Fiscal Year	2022
Fiscal Period	Q1
XBRL Instance	f10q0322_boxscorebrand_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 54 Income Statement 28 Cash Flow Statement 50 Stockholders Equity 14

Balance Sheet 54 line items

Line Item	Tag	Value	Unit	Period
Common stock, par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$8.29K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$110.14K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	600.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	600.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	385.57M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	335.78M	shares	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$1.76K	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$1.76K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	335.78M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$111.90K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	385.57M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$10.05K	USD	Point-in-time
Mineral claims	`MineralPropertiesNet`	$100.00K	USD	Point-in-time
Mineral claims	`MineralPropertiesNet`	$100.00K	USD	Point-in-time
Total assets	`Assets`	$211.90K	USD	Point-in-time
Total assets	`Assets`	$110.05K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$303.25K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$304.15K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$356.25K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$348.22K	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$2.14M	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$2.10M	USD	Point-in-time
Senior convertible notes	`SeniorConvertibleNote`	$95.80K	USD	Point-in-time
Senior convertible notes	`SeniorConvertibleNote`	$75.00K	USD	Point-in-time
Promissory notes payable	`NotesPayableCurrent`	$473.27K	USD	Point-in-time
Promissory notes payable	`NotesPayableCurrent`	$473.27K	USD	Point-in-time
Convertible notes payable	`ConvertibleNotesPayables`	$4.97M	USD	Point-in-time
Convertible notes payable	`ConvertibleNotesPayables`	$4.66M	USD	Point-in-time
Current capital lease obligation	`CurrentCapitalLeaseObligation`	$36.25K	USD	Point-in-time
Current capital lease obligation	`CurrentCapitalLeaseObligation`	$36.25K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$8.36M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$8.03M	USD	Point-in-time
Convertible notes payable	`ConvertibleLongTermNotesPayable`	$915.00K	USD	Point-in-time
Convertible notes payable	`ConvertibleLongTermNotesPayable`	$810.00K	USD	Point-in-time
Derivative liabilities	`DerivativeLiabilitiesNoncurrent`	$211.34K	USD	Point-in-time
Derivative liabilities	`DerivativeLiabilitiesNoncurrent`	-	USD	Point-in-time
Total noncurrent liabilities	`LiabilitiesNoncurrent`	$810.00K	USD	Point-in-time
Total noncurrent liabilities	`LiabilitiesNoncurrent`	$1.13M	USD	Point-in-time
Total Liabilities	`Liabilities`	$9.15M	USD	Point-in-time
Total Liabilities	`Liabilities`	$9.17M	USD	Point-in-time
Common stock, $.001 par value, 600,000,000 shares authorized, 385,568,143 and 335,778,778 shares issued and outstanding, respectively	`CommonStockValue`	$335.78K	USD	Point-in-time
Common stock, $.001 par value, 600,000,000 shares authorized, 385,568,143 and 335,778,778 shares issued and outstanding, respectively	`CommonStockValue`	$385.57K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$6.99M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$7.13M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-16.47M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-16.37M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-11.77M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-9.04M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-9.95M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-8.96M	USD	Point-in-time
Total liabilities and stockholders deficit	`LiabilitiesAndStockholdersEquity`	$211.90K	USD	Point-in-time
Total liabilities and stockholders deficit	`LiabilitiesAndStockholdersEquity`	$110.05K	USD	Point-in-time

Income Statement 28 line items

Line Item	Tag	Value	Unit	Period
General and administrative	`GeneralAndAdministrativeExpense`	$73.50K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$126.07K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$73.50K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$126.07K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-126.07K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-73.50K	USD	1 Quarter
Gain on change in fair value of derivative liabilities	`GainLossOnDerivativeInstrumentsNetPretax`	$211.34K	USD	1 Quarter
Gain on change in fair value of derivative liabilities	`GainLossOnDerivativeInstrumentsNetPretax`	$1.85M	USD	1 Quarter
Gain on settlement of liabilities	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Gain on settlement of liabilities	`GainsLossesOnExtinguishmentOfDebt`	$31.33K	USD	1 Quarter
Interest expense	`InterestExpense`	$189.05K	USD	1 Quarter
Interest expense	`InterestExpense`	$195.89K	USD	1 Quarter
Total other income (expenses)	`NonoperatingIncomeExpense`	$1.69M	USD	1 Quarter
Total other income (expenses)	`NonoperatingIncomeExpense`	$22.30K	USD	1 Quarter
Income (loss) from operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.61M	USD	1 Quarter
Income (loss) from operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-103.77K	USD	1 Quarter
Provision for income taxes	`OtherIncomeTaxExpenseBenefitContinuingOperations`	-	USD	1 Quarter
Provision for income taxes	`OtherIncomeTaxExpenseBenefitContinuingOperations`	-	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$-103.77K	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$1.61M	USD	1 Quarter
Net loss per share basic (in Dollars per share)	`EarningsPerShareBasic`	$0.02	USD	1 Quarter
Net loss per share basic (in Dollars per share)	`EarningsPerShareBasic`	-	USD	1 Quarter
Net loss per share diluted (in Dollars per share)	`EarningsPerShareDiluted`	$0.00	USD	1 Quarter
Net loss per share diluted (in Dollars per share)	`EarningsPerShareDiluted`	-	USD	1 Quarter
Weighted average common shares basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	100.30M	shares	1 Quarter
Weighted average common shares basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	374.81M	shares	1 Quarter
Weighted average common shares diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	267.52M	shares	1 Quarter
Weighted average common shares diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	374.81M	shares	1 Quarter

Cash Flow Statement 50 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$-103.77K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$1.61M	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	$525.00	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	$1.57K	USD	1 Quarter
Gain on settlement of liabilities	`GainLossRelatedToLitigationSettlement`	$31.33K	USD	1 Quarter
Gain on settlement of liabilities	`GainLossRelatedToLitigationSettlement`	-	USD	1 Quarter
Gain on change in fair value of derivative liabilities	`DerivativeGainLossOnDerivativeNet`	$1.85M	USD	1 Quarter
Gain on change in fair value of derivative liabilities	`DerivativeGainLossOnDerivativeNet`	$211.34K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-2.00K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$100.00K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$16.43K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$15.42K	USD	1 Quarter
Accrued interest	`IncreaseDecreaseInAccruedInterestReceivableNet`	$-194.74K	USD	1 Quarter
Accrued interest	`IncreaseDecreaseInAccruedInterestReceivableNet`	$-175.02K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-223.15K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-55.65K	USD	1 Quarter
Cash Flows from Investing Activities:	`NetCashProvidedByUsedInInvestingActivities`	-	USD	1 Quarter
Cash Flows from Investing Activities:	`NetCashProvidedByUsedInInvestingActivities`	-	USD	1 Quarter
Proceeds from convertible notes	`ProceedsFromConvertibleDebt`	$300.00K	USD	1 Quarter
Proceeds from convertible notes	`ProceedsFromConvertibleDebt`	$125.00K	USD	1 Quarter
Repayments of capital lease obligations	`RepaymentsOfDebtAndCapitalLeaseObligations`	$57.00K	USD	1 Quarter
Repayments of capital lease obligations	`RepaymentsOfDebtAndCapitalLeaseObligations`	-	USD	1 Quarter
Repayment of convertible notes	`RepaymentsOfConvertibleDebt`	$75.00K	USD	1 Quarter
Repayment of convertible notes	`RepaymentsOfConvertibleDebt`	-	USD	1 Quarter
Repayments of promissory notes	`RepaymentsOfNotesPayable`	$15.00K	USD	1 Quarter
Repayments of promissory notes	`RepaymentsOfNotesPayable`	-	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$53.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$225.00K	USD	1 Quarter
Net increase (decrease) in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$1.85K	USD	1 Quarter
Net increase (decrease) in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-2.65K	USD	1 Quarter
Cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$20.93K	USD	Point-in-time
Cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$10.14K	USD	Point-in-time
Cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$8.29K	USD	Point-in-time
Cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$23.59K	USD	Point-in-time
Cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$8.29K	USD	Point-in-time
Cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$23.59K	USD	Point-in-time
Cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$20.93K	USD	Point-in-time
Cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$10.14K	USD	Point-in-time
Interest paid	`InterestPaid`	-	USD	1 Quarter
Interest paid	`InterestPaid`	-	USD	1 Quarter
Income taxes paid	`IncomeTaxesPaid`	-	USD	1 Quarter
Income taxes paid	`IncomeTaxesPaid`	-	USD	1 Quarter
Accounts payable and accrued payable exchanged for convertible note	`AccountsPayableExchangedForConvertibleNote`	$47.10K	USD	1 Quarter
Accounts payable and accrued payable exchanged for convertible note	`AccountsPayableExchangedForConvertibleNote`	$7.50K	USD	1 Quarter
Fixed assets under lease exchanged in settlement of lease liability	`FixedAssetsUnderLeaseExchangedInSettlementOfLeaseLiability`	$44.10K	USD	1 Quarter
Fixed assets under lease exchanged in settlement of lease liability	`FixedAssetsUnderLeaseExchangedInSettlementOfLeaseLiability`	-	USD	1 Quarter
Convertible notes converted to common stock	`ConvertibleNotesConvertedToCommonStock`	$48.80K	USD	1 Quarter
Convertible notes converted to common stock	`ConvertibleNotesConvertedToCommonStock`	$113.90K	USD	1 Quarter
Accrued interest on convertible notes converted to common stock	`AccruedInterestExchangedIntoConvertibleNotes`	$140.40K	USD	1 Quarter
Accrued interest on convertible notes converted to common stock	`AccruedInterestExchangedIntoConvertibleNotes`	$92.81K	USD	1 Quarter

Stockholders Equity 14 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$-11.77M	USD	Point-in-time
Balance	`StockholdersEquity`	$-9.04M	USD	Point-in-time
Balance	`StockholdersEquity`	$-9.95M	USD	Point-in-time
Balance	`StockholdersEquity`	$-8.96M	USD	Point-in-time
Shares issued for conversion of convertible note and accrued interest	`SharesIssuedForConversionOfConvertibleNoteAndAccruedInterest`	$206.72K	USD	1 Quarter
Shares issued for conversion of convertible note and accrued interest	`SharesIssuedForConversionOfConvertibleNoteAndAccruedInterest`	$189.20K	USD	1 Quarter
Vesting of warrants	`VestingOfWarrants`	$1.57K	USD	1 Quarter
Vesting of warrants	`VestingOfWarrants`	$525.00	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$1.61M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$-103.77K	USD	1 Quarter
Balance	`StockholdersEquity`	$-11.77M	USD	Point-in-time
Balance	`StockholdersEquity`	$-9.04M	USD	Point-in-time
Balance	`StockholdersEquity`	$-9.95M	USD	Point-in-time
Balance	`StockholdersEquity`	$-8.96M	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.